The future of footwear retailer Stylo was in doubt last night as landlords prepared to vote against its controversial rescue plan.

Stylo, which owns the Barratt and Priceless shoe chains, issued a statement warning that 5,400 jobs were at risk because it was 'unable to ascertain' the outcome of a key creditor vote on Thursday.

Landlords, led by FTSE 100 property company Hammerson, fear the scheme to save Stylo will leave them with hundreds of empty properties across the UK and set a dangerous precedent for other retailers.

Barratt and Priceless were placed into administration last month after trading deteriorated rapidly amid the economic downturn.

Daily Telegraph